People pass by a Ford Escape SUV exhibited during Media Day for the Shanghai Auto Show on April 16, 2019 in Shanghai, China.
Aly Song | Reuters
DETROIT – Ford Motor's US vehicle sales declined 4.9% in the third quarter as demand eased for the company's best-selling F-Series pickup, the automaker announced Wednesday.
8.8% The increase in Dearborn truck and van sales in the last three months failed to offset a 1
Ford's shares fell more than 4% on the morning of Wednesday's trading session after opening at $ 8.85.
Fiat Chrysler announced the third quarter on Wednesday Sales were at the previous year's level. Record sales of the redesigned Jeep Wrangler helped offset the decline in limousine demand. The strong sales of the Ram Trucks line and the Dodge Challenger muscle car also contributed to the overall sales did not slide.
Sales of Ford's highly profitable F-Series pickup line declined 6% in the quarter, which reduced sales of the truck in the first nine months of the year by 2.4% as the company competed with recent models from its competitors Fiat Chrysler and General Motors, Mark LaNeve, vice president of Ford for marketing, sales and service in the US, said in a press release announcing sales results In the first nine months of the year, Ford 1 sold 8 million vehicles, a decrease of 3.5% over the same period last year.